Sunday, 12 February 2017

5 Tips For Saving Money #2

Hello my budding little savers, I hope you are all well.
Since my first money
saving post was so popular (literally my
most viewed post ever), I thought it only right to throw another 5 tips your
way to make 2017 the year we all finally have a few spare pennies.

Only buy necessitiesDon't
spend money on things you don't need. I'm applying this more to your weekly
shop. For example, I can't tell you how many times I've gone to the supermarket
and planned on a £30 shop that has turned into £65. I now make sure I always
write a list before hand and stick to it. Better still, do your shopping
online, this way you'll be less tempted by items on the end of the aisle.

Save £1 or £2 coins Now
I'm a big lover of saving 1p and 2p coins because over time they do mount up
however as I rarely carry cash it can sometimes be months before I've even
reached £1 in my change jar. I decided that because me having change was such a
rare thing, when I did have it I'd save a greater amount. I started with £2
coins and even though I don't come by them very often, in about 3 months I had
over £50. Genius.

Make a budget sheet Budget sheets can be as simple or as complicated as
you like depending how well you can use a spreadsheet. I would say start simple and work your way up. Start by
listing all of your outgoings, total them at the bottom and minus that total
from your salary or wage. (I'm sorry if that makes no sense. If you'd like
to know more about what's on my sheet and how I calculate everything, let me
know.) I've managed to navigate my way around the spreadsheet enough to have my
holiday running totals on there which are altered by whatever I'm going to
choose to put towards them. It also has my savings account total which again is
altered by what I'm going to contribute. It's also colour coded hehe.

Sell unwanted clothes on Depop or Ebay I mentioned this in a previous post and I firmly believe that if you haven't
worn it in six months to a year then get rid of it. Especially if you can tell
you'll never wear it again. Sort your wardrobe out entirely and take out
everything that you want to get rid of. You can then decide whether it's going
to friends, charity or for sale. I use a mix of Ebay and Depop to
sell my clothes as they can reach completely different demographics. They're
both simple and easy to use so make an account and away you go.

Separate your savingsI
just had the one savings account for years but it became hard to allocate money
to different things and I'd forget how much I added for what. My bank allows
you to have multiple e-savings accounts and you can rename them depending on
what they're for. It's well worth looking into it and finding out if your bank
offers a similar service. If you don't bank online, withdraw the money and use
tins or containers to sort the money. Easy.

And there you go, another 5 money saving tips. If
there's anything you like to do to save, let me know!